Sep 23, 2026 · 6 min

China jitters hit Alibaba as quantum and travel bets lift shares

Alibaba and KBHomes Fall; Royal Caribbean and IonQ Up

The episode shows how geopolitical risk, technical breakthroughs, corporate deals, and housing weakness are pulling markets in different directions.

3 key takeaways

1A reported Chinese data-security probe and U.S.-China uncertainty pressured Alibaba and other Chinese AI shares.
2IonQ gained after reporting progress on quantum error correction, a key step toward more reliable quantum computing.
3Royal Caribbean rose on its $3 billion Sandals Resorts venture while KB Home cut its housing revenue outlook.

Don't miss

IonQ’s reported quantum error-correction progress stands out as the episode’s clearest technology catalyst.

The brief

Nathan Hager and Dan Curtis open Bloomberg’s Stock Movers Report with a market shaped by sharply different company-specific catalysts.

Alibaba and other Chinese AI shares weaken as a reported data-security probe involving DeepSeek and Moonshot AI adds pressure amid U.S.-China uncertainty.

IonQ moves higher after a reported quantum error-correction development, highlighting the technology’s central challenge: making quantum systems reliable enough to use.

Royal Caribbean shares rise after the company agrees to buy a 50% Sandals Resorts stake for about $3 billion, linking cruises with all-inclusive stays.

KB Home closes the roundup with a warning sign for housing: despite beating quarterly earnings expectations, it lowers its revenue outlook and flags margin pressure.

What was said on this episode

11 statements · 7 positive · 4 negative

Dan Curtison Alibaba Group Holding LimitedNegative1:01
Alibaba ADRs are down 3% in premarket trading.
“Alibaba, the ADR's trade under BABA, is down 3% in the pre-market.”
Listen at 1:01
Dan Curtison Chinese AI stocksNegative1:22
The DeepSeek and Moonshot AI probe is pressuring Chinese AI stocks.
“it's adding pressure to the space.”
Listen at 1:22
Dan Curtison Exclusion of Chinese AI executives from U.S. delegationNegative1:48
Excluding Chinese AI executives from the delegation is worsening sentiment.
“the executives not being there is adding to some more negative sentiment this morning.”
Listen at 1:48
Dan Curtison IonQPositive2:11
IonQ is up 15% in premarket trading.
“IRQ up 15% in the pre-market”
Listen at 2:11
Dan Curtison Quantum error correctionPositive2:25
Quantum error correction is essential for quantum computing.
“error correction is essential for quantum computing”
Listen at 2:25
Dan Curtison IonQPositive2:49
IonQ's reported breakthrough has lifted its shares 15% premarket.
“That has IonQ up 15% in the pre-market.”
Listen at 2:49
Dan Curtison Rigetti ComputingPositive2:56
Rigetti Computing is up 6% in premarket trading.
“Rigetti Computing, RGTI up 6%.”
Listen at 2:56
Dan Curtison D-Wave QuantumPositive2:59
D-Wave Quantum is also rising in premarket trading.
“Same for D-Wave Quantum, QBTS.”
Listen at 2:59
Dan Curtison Royal CaribbeanPositive3:19
Royal Caribbean shares are up 2%.
“Royal Caribbean is up 2%.”
Listen at 3:19
Dan Curtison Royal Caribbean-Sandals Resorts joint venturePositive3:37
The Sandals deal will give Royal Caribbean access to Caribbean resorts.
“This will give the cruise operator access to the Sandals all-inclusive resorts across the Caribbean.”
Listen at 3:37
Dan Curtison KB HomeNegative4:09
KB Home shares are falling about 1% premarket.
“the shares are falling about 1% in the pre-market ticker KBH.”
Listen at 4:09

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.